Plan Ledger DOL Form 5500 · updated monthly

Williams Island Poa401(k)

WILLIAMS ISLAND POA 401(K) PLAN · AVENTURA, FL · plan year 2024

Reported admin expense ratio · 2024
0.71%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Williams Island Poa reported $44,514 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $1,199 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.68% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in Florida (2,164th of 3,644), and 817th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.18 for every $1.00 the employer contributed; active participation has grown from 182 to 211 since 2022.

Plan summary
Net assets, end of year$6,970,150
Participants with balances138
Active participants211
Employer contributions$252,978
Employee contributions$551,590
Employer contribution per active participant$1,199
Average account balance$50,508
Benefits paid to participants$246,675
Plan auditUnmodified (clean) audit opinion
AuditorGERSTLE, ROSEN & GOLDENBERG, PA
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 138 accts · $253K emplr
2023$5.5M · 131 accts · $223K emplr
2022$4.2M · 144 accts · $193K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,514
Total administrative$44,514
The Williams Island Poa 401(k) match · 2024
Employer contribution per active participant$1,199
Median for plans this size$1,313
2024$1,199 per active participant
2023$1,252 per active participant
2022$1,062 per active participant

Williams Island Poa's 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,392
DEFINITI LLC · Contract administrator$4,825

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$44,514 · 0.71%
2023$37,337 · 0.77%
2022$31,230 · 0.68%
Same employer
Similar plansArts, Entertainment & Recreation · Florida
Tampa Bay Downs FL$7.3M · 0.47%
Bok Tower Garden, Inc. FL$6.7M · 0.44%
Godwins Gatorland, Inc. FL$6.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592726985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.